Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
FAST Acquisition Corp. II amended loan of up to $2,250,000.00 with Infinite Acquisitions LLLP at non-interest bearing maturing repayable at effective time of the Acquisition Merger or forgiven if merger terminated.
- Instrument
- loan
- Principal
- up to $2,250,000.00
- Counterparty
- Infinite Acquisitions LLLP
- Rate
- non-interest bearing
- Maturity
- repayable at effective time of the Acquisition Merger or forgiven if merger terminated
- Event
- amendment
Exact text from the filing
On July 7, 2023, SPAC and Infinite Acquisitions LLLP (“ Infinite ”) entered into an amendment (the “ Promissory Note Amendment ”) to that certain promissory note dated as of January 31, 2023 (as amended, the “ Promissory Note ”), which increased the amount Infinite agreed to advance to SPAC to be up to $2,250,000.00.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
FAST Acquisition Corp. II amended Second Amendment to Amended and Restated Agreement and Plan of Merger with Falcon's Beyond Global, LLC valued at Eliminated Company termination right if closing not occurred within two days after special meeting; (effective 2023-07-07).
- Action
- amendment
- Agreement
- merger
- Counterparty
- Falcon's Beyond Global, LLC
- Value
- Eliminated Company termination right if closing not occurred within two days after special meeting;
- Effective
- 2023-07-07
Exact text from the filing
On July 7, 2023, Falcon’s Beyond Global, LLC, a Florida limited liability company (the “ Company ”), Falcon’s Beyond Global, Inc., a Delaware corporation and a wholly owned subsidiary of the Company (“ Pubco ”), Palm Merger Sub LLC, a Delaware limited liability company and a wholly owned subsidiary of Pubco (“ Merger Sub ”), and FAST Acquisition Corp. II, a Delaware corporation (“ SPAC ”), executed the second amendment (the “ Amendment ”) to that certain Amended and Restated Agreement and Plan of Merger, dated as of January 31, 2023 (as amended, the “ Merger Agreement ”), among SPAC, the Company, Pubco and Merger Sub, which: ● eliminated the Company’s termination right if the closing has not occurred on or before two days after the special meeting of SPAC’s shareholders to vote on the merger; ● eliminated SPAC’s termination right if the Company enters into certain specified interim financing arrangements unless (a) the Company enters into such specified interim financing arrangements,
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
FAST Acquisition Corp. II amended Promissory Note Amendment with Infinite Acquisitions LLLP valued at Increased amount Infinite agreed to advance to SPAC to up to $2,250,000.00; $1,500,000 already advan (effective 2023-07-07).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Infinite Acquisitions LLLP
- Value
- Increased amount Infinite agreed to advance to SPAC to up to $2,250,000.00; $1,500,000 already advan
- Effective
- 2023-07-07
Exact text from the filing
On July 7, 2023, SPAC and Infinite Acquisitions LLLP (“ Infinite ”) entered into an amendment (the “ Promissory Note Amendment ”) to that certain promissory note dated as of January 31, 2023 (as amended, the “ Promissory Note ”), which increased the amount Infinite agreed to advance to SPAC to be up to $2,250,000.00.
View on SEC.gov